Thursday, February 9, 2023

Court convicts Doyin Okupe for money laundering

A federal high court in Abuja has convicted the director-general of Peter Obi presidential campaign, Doyin Okupe, for money laundering.

Recall that the Economic and Financial Crimes Commission, EFCC, had arraigned Okupe in 2019 on a 59-count charge bordering on alleged money laundering and diversion of funds to the tune of N702 million.

Okupe was arraigned before Ijeoma Ojukwu, presiding judge, alongside two companies – Value Trust Investment Ltd and Abrahams Telecoms Ltd.

Justice Ijeoma Ojukwu presiding over the case on Monday found Okupe guilty of contravening sections 16(1)&(2) of the Money Laundering Act and accepting cash in excess of the threshold allowed under the Act without going through a financial institution.

Details later…

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